Middle East and African airlines are in crisis with hundreds of thousands of jobs at risk from the coronavirus outbreak, the International Air Transport Association (IATA) said on Thursday, calling for state intervention. [Source]
U.S. crude dropped below $50 on Wednesday to its lowest since January 2019, as Asia, Europe and oil-producing countries in the Middle East reported hundreds of new coronavirus cases and the United States warned of an inevitable pandemic.
Oil prices fell more than 1% on Wednesday after hundreds of new coronavirus cases reported in Asia, Europe and the Middle East stoked fears that energy demand would decline, while crude oil inventories in the United States grew.
Raytheon has received a subpoena from the U.S. Securities and Exchange Commission related to an investigation into the possibility of improper payments made for contracts in certain Middle East countries since 2014, the U.S. weapons maker disclosed in a filing https://www.sec.gov/ix?doc=/Archives/edgar/data/1047122/000104712220000009/rtn-12312019x10k.htm on Wednesday.